Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Stock Has Consensus Target Price of $114.00 According to Analysts

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $114.00.

Several brokerages have recently weighed in on UCTT. Freedom Broker assumed coverage on Ultra Clean in a report on Friday, October 9th. They set a “buy” rating and a $127.00 price objective on the stock. Needham & Company LLC cut their target price on Ultra Clean from $125.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday. Zacks Research cut Ultra Clean from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Weiss Ratings downgraded shares of Ultra Clean from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, August 7th. Finally, TD Cowen lowered their price target on shares of Ultra Clean from $140.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday.

Ultra Clean Stock Down 9.1%

Shares of UCTT opened at $49.71 on Friday. The company has a 50-day simple moving average of $66.61 and a 200-day simple moving average of $74.23. The firm has a market capitalization of $2.38 billion, a P/E ratio of 87.21, a P/E/G ratio of 0.53 and a beta of 1.86. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.25 and a current ratio of 2.79. Ultra Clean has a 52 week low of $21.49 and a 52 week high of $144.22.

Ultra Clean (NASDAQ:UCTT) last released its earnings results on Tuesday, October 27th. The semiconductor company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.21. Ultra Clean had a return on equity of 12.00% and a net margin of 1.09%. The business had revenue of $759.00 million for the quarter, compared to the consensus estimate of $727.55 million. During the same period last year, the business earned $0.28 earnings per share. The firm’s revenue for the quarter was up 48.8% compared to the same quarter last year. On average, equities research analysts expect that Ultra Clean will post 2.99 earnings per share for the current year.

Institutional Trading of Ultra Clean

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UCTT. Kilter Group LLC acquired a new stake in shares of Ultra Clean in the 2nd quarter valued at $30,000. Harbor Investment Advisory LLC bought a new stake in shares of Ultra Clean in the 2nd quarter worth about $62,000. Reyes Financial Architecture Inc. acquired a new stake in shares of Ultra Clean during the 3rd quarter worth about $37,000. Global Retirement Partners LLC acquired a new stake in shares of Ultra Clean during the 2nd quarter worth about $82,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Ultra Clean by 37.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 721 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 196 shares in the last quarter. Institutional investors own 96.06% of the company’s stock.

About Ultra Clean

Ultra Clean Holdings, Inc (NASDAQ: UCTT) provides critical subsystems, components and services used in the production of semiconductor and other high-technology products. The company designs and manufactures gas delivery systems, fluid delivery systems, precision-machined components, process modules and other equipment used by semiconductor capital-equipment manufacturers.

Ultra Clean also provides contract manufacturing, analytical laboratory, equipment installation, repair, refurbishment and tool-maintenance services.